Media coverage about Corporate Office Properties Trust (NYSE:OFC) has been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Corporate Office Properties Trust earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned media coverage about the real estate investment trust an impact score of 46.306554026893 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the headlines that may have effected Accern’s rankings:
- Corporate Office Properties Trust (OFC) Director Purchases $76,200.00 in Stock (americanbankingnews.com)
- COPT Reports 4Q and Full Year 2017 Results (finance.yahoo.com)
- Corporate Office Properties Trust (OFC) Given a $29.00 Price Target at SunTrust Banks (americanbankingnews.com)
- Robert W. Baird Reiterates Hold Rating for Corporate Office Properties Trust (OFC) (americanbankingnews.com)
- Corporate Office Properties Trust 2017 Q4 – Results – Earnings Call Slides (seekingalpha.com)
A number of equities research analysts have weighed in on the stock. TheStreet lowered shares of Corporate Office Properties Trust from a “b-” rating to a “c” rating in a research note on Friday, February 9th. Mizuho set a $26.00 target price on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Tuesday. SunTrust Banks set a $29.00 target price on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th. Robert W. Baird set a $28.00 target price on shares of Corporate Office Properties Trust and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, ValuEngine lowered shares of Corporate Office Properties Trust from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $31.29.
Corporate Office Properties Trust (NYSE:OFC) last posted its quarterly earnings data on Thursday, February 8th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.43). The company had revenue of $164.57 million during the quarter, compared to analysts’ expectations of $143.44 million. Corporate Office Properties Trust had a return on equity of 4.82% and a net margin of 11.44%. The company’s revenue for the quarter was up 15.9% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. research analysts anticipate that Corporate Office Properties Trust will post 2.02 earnings per share for the current fiscal year.
In related news, Director Lisa G. Trimberger acquired 3,000 shares of Corporate Office Properties Trust stock in a transaction dated Thursday, November 30th. The stock was purchased at an average cost of $30.39 per share, for a total transaction of $91,170.00. Following the purchase, the director now directly owns 1,464 shares of the company’s stock, valued at approximately $44,490.96. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Paul R. Adkins acquired 10,000 shares of Corporate Office Properties Trust stock in a transaction dated Thursday, December 21st. The stock was bought at an average price of $29.06 per share, with a total value of $290,600.00. Following the completion of the purchase, the insider now directly owns 29,465 shares in the company, valued at $856,252.90. The disclosure for this purchase can be found here. Insiders bought a total of 16,000 shares of company stock valued at $457,970 over the last 90 days. 0.60% of the stock is currently owned by company insiders.
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Corporate Office Properties Trust Company Profile
Corporate Office Properties Trust is a fully-integrated and self-managed real estate investment trust (REIT). The Company owns, manages, leases, develops and acquires office and data center properties. The Company’s segments are Defense/IT Locations; Regional Office; operating wholesale data center, and other.
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